China's new regulation on outbound investment, set to take effect on July 1, will provide effective legal protection to companies going aboard, said a spokeswoman for the Ministry of Commerce on Thursday.
The regulation, recently unveiled by the State Council, demands improving the comprehensive overseas service system and refining institutional measures to provide strong legal protection for companies participating in international cooperation and competition, according to He Yongqian, the spokeswoman, at a press briefing in Beijing.
She said the regulation also stresses improving the overseas investment management system and reinforcing the primary responsibility of investors.
"(The regulation) strengthens monitoring, early warning, and risk assessment, and guides and assists investors in preventing security risks. It establishes an investment barrier investigation system, among other measures, to effectively safeguard the security and legitimate rights and interests of investors and their overseas investments," He said.
New regulation to strengthen legal protection for Chinese companies going overseas
Chinese Foreign Minister Wang Yi on Thursday said China will take part in the selection of the next United Nations (UN) secretary-general in a responsible and constructive manner while meeting with Michelle Bachelet, candidate for the next UN secretary-general and former Chilean president in Beijing.
Bachelet pointed to the UN as the indispensable platform for the international community to respond jointly to global challenges, saying the UN should uphold the authority of the Charter, remain action-oriented and take coordinated steps to advance the three pillars of peace, development and human rights.
Stressing her firm commitment to the one-China principle, Bachelet expressed her appreciation for China's long-standing efforts in promoting multilateralism and the UN cause, and her readiness to work with China and the international community to jointly enhance the status and role of the UN.
Wang, also a member of the Political Bureau of the Communist Party of China Central Committee, said China will work to promote the United Nations to revitalize its authority and vitality, and to better adapt to the new circumstances and better cope with new challenges.
Noting China has always been the staunch supporter and active constructor of the UN cause, Wang said China is willing to work with all sides to safeguard, revitalize and strengthen the UN.
China to participate in selection of next UN chief in responsible, constructive manner: FM
